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What Would You Do With $10000?

Anonymous Coward writes | about 7 years ago

The Almighty Buck 8

An anonymous reader writes "I have a US$10000 certificate of deposit which has recently reached maturity. Having no immediate need for this money, I was wondering if Slashdot readers had any suggestions regarding how I could invest this money in order to get the best rates of return possible. I'm looking for something I can deposit this money into with a guaranteed relatively high rate of return. Any suggestions for this geek with newfound income?"

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donate it (1)

HomelessInLaJolla (1026842) | about 7 years ago | (#19891907)

Ten thousand doesn't even tip the parking attendant.

It depends (1)

evileyetmc (977519) | about 7 years ago | (#19892155)

If you want the money to be liquid, a way to continue to earn interest would be to put it in a high-yield savings account. (ING has one @ 4.5% APY, although there are some other companies who have higher rates) Alternatively, you can put the money into rolling bonds. The key is deciding when you need the money. If you'd like to have it on hand, go with the high-interest savings bond. If you need it in the not-so-near future, go for the rolling bonds. If you are looking for long-term gains, go with stocks. As far as stocks are concerned, I would wait to put in money until after a slight depression (say 4-500 points). One of the reasons the market is doing so well is because people who would otherwise be speculating in homes are facing a cooling housing market, and so they are pumping their money into stocks.

Re:donate it (0)

Anonymous Coward | about 7 years ago | (#19892277)

...further showing that StupidILJ has no understanding of money - either that or this is a really poor attempt at humor.

Re:donate it (0)

Anonymous Coward | about 7 years ago | (#19892413)

I knew it would bother you. It further gladdens me that you are so concerned with what I do.

Re:donate it (0)

Anonymous Coward | about 7 years ago | (#19901027)

Aww, posting as AC? Not going to log in as you troll? Or is it that you've hit your daily post limit and can't post as yourself anymore, due to being modded troll too many times?

Re:donate it (1)

HomelessInLaJolla (1026842) | about 7 years ago | (#19905619)

I'm not trolling. I'm attempting to form a legitimate discourse with you. I know the concept is somewhat alien to you, given your lack of imagination and intellect, but since you've demonstrated that you want to be part of my daily online life I'll give you a chance.

Why don't you start out be telling me what you had for breakfast? How about some of your own thoughts? Do you have any original thoughts? Over the last six months you've done nothing but coattail on my thoughts. I'm really and truly interested in you. Share with me your point of view on a subject.

Here's a novel idea: Sign up for an account and, when a story comes out on the front page, read it and comment on it. Then you can send an e-mail to my Hotmail account, tell me where you posted, and maybe we can start some sort of useful discussion.

Online savings (1)

rsmoody (791160) | about 7 years ago | (#19892115)

Head over to the forums at and do some research on the high interest online savings accounts. Most approach CD rates or surpass them, but you can get to your money easy. ING is the one of the oldest in the business and have a terrific interface and descent interest rate. However, the newcomers such as AmBoy, Virtual Bank, and even some old time brick and mortar banks such as CitiBank and HSBC are offering higher interest rates and some have descent sign up bonuses as well. If you don't want stocks (ie a more secure investment) but don't want things locked up in a CD or IRA, or even if you are just deciding what to do, an online savings account is a great place to stash that.

Reinvesting it (1)

Experiment 626 (698257) | about 7 years ago | (#19892207)

If you were pretty happy with how having your money in a CD worked out for you, put it back into one. The longer term, the better interest rate you'll get. Otherwise decide what you didn't like and adjust accordingly. If you didn't like having your money locked away, you can use a savings account, but will make less money. Or if you are looking for a greater return, you can go with stocks or mutual funds, which have the potential to pay off more than the CD's predetermined yield, but also involve a lot more risk. Finally, you could just PayPal it all to me, since I am a wealthy Nigerian prince who needs a little seed money to get my vast fortune out of the country, and will give you a million dollars once I do.

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